Lifespan Makes Payment of $400K to City of Providence

GoLocalProv News Team

Lifespan Makes Payment of $400K to City of Providence

Timothy Babineau, M.D., president and chief executive officer of Lifespan
Lifespan announced Wednesday that it made a voluntary payment of $400,000 to the City of Providence.

The additional payment brings the total to $3.2 million in PILOT payments over the last six years.

As GoLocal reported in August of 2016, Lifespan had refused to pay Providence, saying it would not be making a payment in Fiscal Year 2017, which the Elorza Administration had budgeted for a $800,000 payment from them.

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READ August of 2016 EDITORIAL 

Lifespan Statment 

“Lifespan has a history of making substantial investments in our community in addition to the $1.22 million we pay annually in taxes on property we own and lease in the city. We had committed that we would consider making a PILOT payment – in addition to the total of $2.8 million we paid in previous years – when our financial situation allowed for such contributions, said Timothy Babineau, M.D., president and chief executive officer of Lifespan.

"In fiscal year 2016, Lifespan essentially broke even – an improvement on the prior year’s $33-million operating loss – and is pleased to be able to make a payment of $400,000 prior to the close of the city’s fiscal year," added Babineau.

Providence Mayor Jorge Elorza added, “We continue to look for ways to work collaboratively with our anchor institutions. I thank Lifespan for their continued support of the City of Providence and look forward to working with them as we move Providence forward together.”


The Power List - Health and Education, 2016

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